Low Rolling Resistance Tire Market Research Report - Global Forecast till 2027

Global Low Rolling Resistance Tire Market Research Report: Information by Application (On-road and Off-road), Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle and others), sales channel (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/AM/6805-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2019–2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis:


Low rolling resistance tires are made with a hard rubber compound and stiff sidewalls to reduce friction and flex. Some tire companies are working on developing the advanced tire material combinations with new tire compounds, such as those based on silica and alternative oils to achieve good rolling-resistance properties while maintaining a pleasant ride and better grip.


Such tires are designed to have low tire rolling resistance with the help of improved tire thread design without affecting skid and tread abrasion resistance, traction and other aspects of tire performance that are vital to the operating smoothness, as well as they are designed to reduce the noise generated by the tire and ultimately improve the vehicle fuel efficiency.


The Global Low Rolling Resistance Tire Market is expected to witness ~15.85% CAGR during the forecast period, 2019–2025 and the market size is expected to reach USD 16.8 Billion by 2025.


The global market for low rolling resistance tire is growing rapidly due to environmental awareness, government regulations regarding tire labeling, increasing demand for fuel-efficient tires, and growth in the aftermarket. However, the growth of the market may be hindered by the high prices of low rolling resistance tires.


In 2010, Japan began implementing a voluntary tire labeling system for passenger cars. Similarly, the South Korean government initiated a voluntary tire-labeling program for passenger cars in November 2011, which was then made compulsory in November 2012. Furthermore, in November 2016, South Korea started implementing mandatory tire labeling regulations such government regulations regarding tire labelling is expected to further boost the growth of the low rolling resistance tire market.


Low rolling resistance tire manufacturers, considering the potential of the commercial vehicles, have started focusing on them by investing in the development of tread compounds that can reduce tire rolling resistance while maintaining the treadwear and durability of truck tires. For instance, The Goodyear Tire & Rubber Company is developing low rolling resistance tires that provide maximum fuel saving with low heat generation and low rolling resistance for long-haul applications. In 2018, it planned to launch its most fuel-efficient tire range. According to the data provided by the company, these new tires are manufactured using a silica compound that can help save a 100-vehicle fleet more than USD 338,000 in fuel costs, annually, and help truck manufacturers meet future emission targets. Thus, the rise in demand for low rolling resistance tires, especially within fleets, is an opportunity for low rolling resistance tires during the forecast period.


SEGMENTATION: GLOBAL LOW ROLLING RESISTANCE TIRE MARKET


 The global low rolling resistance tires market is segmented based on application, vehicle type, sales channel and region. On the basis of application, the global market has been segmented into on-road and off-road. On the basis of vehicle type, the global market has been segmented into two-wheeler, passenger car, light commercial vehicle, heavy commercial vehicle, and others. On the basis of sales channel, the global market has been segmented into OEM and aftermarket.


Geographically, the global low rolling resistance tire market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the Rest of the world. The low rolling resistance tire market in Asia-Pacific is expected to grow at the highest CAGR in the global market during the forecast period. The high growth of the automobile manufacturing industry in countries such as China, India, and Indonesia. China is the leading country in terms of sales of electric vehicles. The Chinese government has introduced the “Automobile Mid and Long-Term Development Plan” combined with the presence of BAIC, BYD, and JAC, is expected to play an important role in the sale of electric vehicles and hybrid vehicles.  


The low rolling resistance tire manufacturing companies are working to develop low rolling resistance tires specifically for electric vehicles as Hankook Tire developed Enfren Eco tire, which combines a special silica compound and structural design to reduce energy loss and enhance fuel efficiency for electric vehicles.


Additionally, increasing vehicle sales, aftermarket growth, lower production costs, and favorable government schemes are encouraging global players to invest heavily in this region, which is further expected to drive the market growth during the forecast period.


Prominent Players


The Prominent Players in the global low rolling resistance tire market are The Yokohama Rubber Co. Ltd. (Japan), Apollo Tyres Ltd. (India), Cheng Shin Rubber Industry Co. (China), Kumho Tire (South Korea), Zhongce Rubber Group Co., Ltd (ZC-Rubber) (Germany), Nokian Tyres plc (Finland), MRF Tyres (India), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Sumitomo Rubber Industries, Ltd. (Japan), Pirelli & C. S.p.A. (Italy), Hankook Tire (South Korea), Michelin (France), Continental AG (Germany), Firestone Tire and Rubber Company (US), Cooper Tire & Rubber Company (US), and Toyo Tire & Rubber Company (Japan).


The Market Research Future report on the global low rolling resistance tire industry covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience:



  • Low rolling resistance tire producers

  • Automotive OEM’s

  • Individual vehicle owners

  • Rubber suppliers

  • Fleet owners

  • Government bodies

  • Other raw material suppliers



Report Scope:
Report Attribute/Metric Details
  Market Size   2025: USD 16.8 Billion
  CAGR   15.85% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By sales channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Yokohama Rubber Co. Ltd. (Japan), Apollo Tyres Ltd. (India), Cheng Shin Rubber Industry Co. (China), Kumho Tire (South Korea), Zhongce Rubber Group Co., Ltd (ZC-Rubber) (Germany), Nokian Tyres plc (Finland), MRF Tyres (India), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Sumitomo Rubber Industries, Ltd. (Japan), Pirelli & C. S.p.A. (Italy), Hankook Tire (South Korea), Michelin (France), Continental AG (Germany), Firestone Tire and Rubber Company (US), Cooper Tire & Rubber Company (US), and Toyo Tire & Rubber Company (Japan)
  Key Market Opportunities

  • Government initiative
  • Developing commercial sectors globally
  •   Key Market Drivers

  • Increasing demand for fuel-efficient tires
  • Growth in the aftermarket


  • Frequently Asked Questions (FAQ) :


    The Global Low Rolling Resistance Tire Market will be witnessing ~15.85% CAGR.

    2019–2025 is the growth period of the market.

    Apollo Tyres Ltd. (India), Kumho Tire (South Korea), Yokohama Rubber Co. Ltd. (Japan), Cheng Shin Rubber Industry Co. (China) are the main key players of the market.

    The four important regions are North America, Europe, Asia-Pacific, and the Rest of the world.

    Table of Contents

    1. Executive Summary

    2. Scope of the Report

    2.1. Market Definition

    2.2. Scope of the Study

    2.2.1. Definition

    2.2.2. Research Objective

    2.2.3. Assumptions

    2.2.4. Limitations

    2.3. Research Process

    2.3.1. Primary Research

    2.3.2. Secondary Research

    2.4. Market Size Estimation

    2.5. Forecast Model

    3. Market Landscape

    3.1. Porter’s Five Forces Analysis

    3.1.1. Threat of New Entrants

    3.1.2. Bargaining Power of Buyers

    3.1.3. Threat of Substitutes

    3.1.4. Rivalry

    3.1.5. Bargaining Power of Buyers

    3.2. Value Chain/Supply Chain Analysis

    4. Market Dynamics

    4.1. Introduction

    4.2. Market Drivers

    4.3. Market Restraints

    4.4. Market Opportunities

    4.5. Technology Trends

    5. Global Low Rolling Resistance Tire Market, by Application

    5.1. Introduction

    5.2. On-Road

    5.2.1. Market Estimates & Forecast, 2020-2027

    5.2.2. Market Estimates & Forecast, by Region, 2020-2027

    5.3. Off-Road

    5.3.1. Market Estimates & Forecast, 2020-2027

    5.3.2. Market Estimates & Forecast, by Region, 2020-2027

    6. Global Low Rolling Resistance Tire Market, by Vehicle Type

    6.1. Introduction

    6.2. Two-wheeler

    6.2.1. Market Estimates & Forecast, 2020-2027

    6.2.2. Market Estimates & Forecast, by Region, 2020-2027

    6.3. Passenger Car

    6.3.1. Market Estimates & Forecast, 2020-2027

    6.3.2. Market Estimates & Forecast, by Region, 2020-2027

    6.4. Light Commercial vehicle

    6.4.1. Market Estimates & Forecast, 2020-2027

    6.4.2. Market Estimates & Forecast, by Region, 2020-2027

    6.5. Heavy Commercial vehicle

    6.5.1. Market Estimates & Forecast, 2020-2027

    6.5.2. Market Estimates & Forecast, by Region, 2020-2027

    6.6. Others

    6.6.1. Market Estimates & Forecast, 2020-2027

    6.6.2. Market Estimates & Forecast, by Region, 2020-2027

    7. Global Low Rolling Resistance Tire Market, by Sales Channel

    7.1. Introduction

    7.2. OEM

    7.2.1. Market Estimates & Forecast, 2020-2027

    7.2.2. Market Estimates & Forecast, by Region, 2020-2027

    7.3. Aftermarket

    7.3.1. Market Estimates & Forecast, 2020-2027

    7.3.2. Market Estimates & Forecast, by Region, 2020-2027

    8. Global Low Rolling Resistance Tire Market, by Region

    8.1. Introduction

    8.2. North America

    8.2.1. Market Estimates & Forecast, by Country, 2020-2027

    8.2.2. Market Estimates & Forecast, by Application, 2020-2027

    8.2.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.2.4. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.2.5. US

    8.2.5.1. Market Estimates & Forecast, by Application, 2020-2027

    8.2.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.2.5.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.2.6. Canada

    8.2.6.1. Market Estimates & Forecast, by Application, 2020-2027

    8.2.6.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.2.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3. Europe

    8.3.1. Market Estimates & Forecast, by Country, 2020-2027

    8.3.2. Market Estimates & Forecast, by Application, 2020-2027

    8.3.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.4. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3.5. UK

    8.3.5.1. Market Estimates & Forecast, by Application, 2020-2027

    8.3.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.5.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3.6. Germany

    8.3.6.1. Market Estimates & Forecast, by Application, 2020-2027

    8.3.6.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3.7. France

    8.3.7.1. Market Estimates & Forecast, by Application, 2020-2027

    8.3.7.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3.8. Italy

    8.3.8.1. Market Estimates & Forecast, by Application, 2020-2027

    8.3.8.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.8.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.3.9. Rest of Europe

    8.3.9.1. Market Estimates & Forecast, by Application, 2020-2027

    8.3.9.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.3.9.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.4. Asia-Pacific

    8.4.1. Market Estimates & Forecast, by Country, 2020-2027

    8.4.2. Market Estimates & Forecast, by Application, 2020-2027

    8.4.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.4.4. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.4.5. China

    8.4.5.1. Market Estimates & Forecast, by Application, 2020-2027

    8.4.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.4.5.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.4.6. Japan

    8.4.6.1. Market Estimates & Forecast, by Application, 2020-2027

    8.4.6.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.4.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.4.7. India

    8.4.7.1. M Market Estimates & Forecast, by Application, 2020-2027

    8.4.7.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.4.7.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.4.8. Rest of Asia-Pacific

    8.4.8.1. Market Estimates & Forecast, by Application, 2020-2027

    8.4.8.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.4.8.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.5. Rest of the World

    8.5.1. Market Estimates & Forecast, by Region, 2020-2027

    8.5.2. Market Estimates & Forecast, by Application, 2020-2027

    8.5.3. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.5.4. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.5.5. Middle East & Africa

    8.5.5.1. Market Estimates & Forecast, by Application, 2020-2027

    8.5.5.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.5.5.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    8.5.6. Latin America

    8.5.6.1. M Market Estimates & Forecast, by Application, 2020-2027

    8.5.6.2. Market Estimates & Forecast, by Vehicle Type, 2020-2027

    8.5.6.3. Market Estimates & Forecast, by Sales Channel, 2020-2027

    9. Competitive Landscape

    10. Company Profile

    10.1. Bridgestone Corporation (Japan)

    10.1.1. Company Overview

    10.1.2. Products/Services Offered

    10.1.3. Financial Overview

    10.1.4. Key Developments

    10.1.5. Key Strategies

    10.1.6. Swot Analysis

    10.2. The Goodyear Tire & Rubber Company (US)

    10.2.1. Company Overview

    10.2.2. Products/Services Offered

    10.2.3. Financial Overview

    10.2.4. Key Developments

    10.2.5. Key Strategies

    10.2.6. Swot Analysis

    10.3. Sumitomo Rubber Industries, Ltd. (Japan)

    10.3.1. Company Overview

    10.3.2. Products/Services Offered

    10.3.3. Financial Overview

    10.3.4. Key Developments

    10.3.5. Key Strategies

    10.3.6. Swot Analysis

    10.4. Pirelli & C. S.p.A. (Italy)

    10.4.1. Company Overview

    10.4.2. Products/Services Offered

    10.4.3. Financial Overview

    10.4.4. Key Developments

    10.4.5. Key Strategies

    10.4.6. Swot Analysis

    10.5. Hankook Tire (South Korea)

    10.5.1. Company Overview

    10.5.2. Products/Services Offered

    10.5.3. Financial Overview

    10.5.4. Key Developments

    10.5.5. Key Strategies

    10.5.6. Swot Analysis

    10.6. Michelin (France)

    10.6.1. Company Overview

    10.6.2. Products/Services Offered

    10.6.3. Financial Overview

    10.6.4. Key Developments

    10.6.5. Key Strategies

    10.6.6. Swot Analysis

    10.7. Continental AG (Germany)

    10.7.1. Company Overview

    10.7.2. Products/Services Offered

    10.7.3. Financial Overview

    10.7.4. Key Developments

    10.7.5. Key Strategies

    10.7.6. Swot Analysis

    10.8. The Yokohama Rubber Co. Ltd. (Japan)

    10.8.1. Company Overview

    10.8.2. Products/Services Offered

    10.8.3. Financial Overview

    10.8.4. Key Developments

    10.8.5. Key Strategies

    10.8.6. Swot Analysis

    10.9. Apollo Tyres Ltd. (India)

    10.9.1. Company Overview

    10.9.2. Products/Services Offered

    10.9.3. Financial Overview

    10.9.4. Key Developments

    10.9.5. Key Strategies

    10.9.6. Swot Analysis

    10.10. Cheng Shin Rubber Industry Co. (China)

    10.10.1. Company Overview

    10.10.2. Products/Services Offered

    10.10.3. Financial Overview

    10.10.4. Key Developments

    10.10.5. Key Strategies

    10.10.6. Swot Analysis

    10.11. Kumho Tire (South Korea)

    10.11.1. Company Overview

    10.11.2. Products/Services Offered

    10.11.3. Financial Overview

    10.11.4. Key Developments

    10.11.5. Key Strategies

    10.11.6. Swot Analysis

    10.12. Zhongce Rubber Group Co., Ltd (ZC-Rubber) (Germany)

    10.12.1. Company Overview

    10.12.2. Products/Services Offered

    10.12.3. Financial Overview

    10.12.4. Key Developments

    10.12.5. Key Strategies

    10.12.6. Swot Analysis

    10.13. Nokian Tyres plc (Finland)

    10.13.1. Company Overview

    10.13.2. Products/Services Offered

    10.13.3. Financial Overview

    10.13.4. Key Developments

    10.13.5. Key Strategies

    10.13.6. Swot Analysis

    10.14. MRF Tyres (India)

    10.14.1. Company Overview

    10.14.2. Products/Services Offered

    10.14.3. Financial Overview

    10.14.4. Key Developments

    10.14.5. Key Strategies

    10.14.6. Swot Analysis

    10.15. Firestone Tire and Rubber Company (US)

    10.15.1. Company Overview

    10.15.2. Products/Services Offered

    10.15.3. Financial Overview

    10.15.4. Key Developments

    10.15.5. Key Strategies

    10.15.6. Swot Analysis

    10.16. Cooper Tire & Rubber Company (US)

    10.16.1. Company Overview

    10.16.2. Products/Services Offered

    10.16.3. Financial Overview

    10.16.4. Key Developments

    10.16.5. Key Strategies

    10.16.6. Swot Analysis

    10.16.7. Swot Analysis

    10.17. Toyo Tire & Rubber Company (Japan)

    10.17.1. Company Overview

    10.17.2. Products/Services Offered

    10.17.3. Financial Overview

    10.17.4. Key Developments

    10.17.5. Key Strategies

    10.17.6. Swot Analysis

    10.17.7. Swot Analysis

    List of Tables

    Table 1 Global Low Rolling Resistance Tire Market, by Region, 2020-2027

    Table 2 North America: Low Rolling Resistance Tire Market, by Country, 2020-2027

    Table 3 Europe: Low Rolling Resistance Tire Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Low Rolling Resistance Tire Market, by Country, 2020-2027

    Table 5 RoW: Low Rolling Resistance Tire Market, by Region, 2020-2027

    Table 6 Global Low Rolling Resistance Tire Market, by Application, by Region, 2020-2027

    Table 7 North America: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027

    Table 8 Europe: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027

    Table 9 Asia-Pacific: Low Rolling Resistance Tire Market, by Application, by Country, 2020-2027

    Table 10 RoW: Low Rolling Resistance Tire Market, by Application, by Region, 2020-2027

    Table 11 Global Low Rolling Resistance Tire Market, by Vehicle Type, by Region, 2020-2027

    Table 12 North America: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027

    Table 13 Europe: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027

    Table 14 Asia-Pacific: Low Rolling Resistance Tire Market, by Vehicle Type, by Country, 2020-2027

    Table 15 RoW: Low Rolling Resistance Tire Market, by Vehicle Type, by Region, 2020-2027

    Table 16 Global Low Rolling Resistance Tire Market, by Sales Channel, by Region, 2020-2027

    Table 17 North America: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027

    Table 18 Europe: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027

    Table 19 Asia-Pacific: Low Rolling Resistance Tire Market, by Sales Channel, by Country, 2020-2027

    Table 20 RoW: Low Rolling Resistance Tire Market, by Sales Channel, by Region, 2020-2027

    List of Figures

    Figure 1 Research Process of MRFR

    Figure 2 Top-Down and Bottom-Up Approach

    Figure 3 Market Dynamics

    Figure 4 Impact Analysis: Market Drivers

    Figure 5 Impact Analysis: Market Restraints

    Figure 6 Porter's Five Forces Analysis

    Figure 7 Value Chain Analysis

    Figure 8 Global Low Rolling Resistance Tire Market Share, by Application, 2020 (%)

    Figure 9 Global Low Rolling Resistance Tire Market, by Application, 2020-2027 (USD Million)

    Figure 10 Global Low Rolling Resistance Tire Market Share, by Vehicle Type, 2020 (%)

    Figure 11 Global Low Rolling Resistance Tire Market, by Vehicle Type, 2020-2027 (USD Million)

    Figure 12 Global Low Rolling Resistance Tire Market Share, by Sales Channel, 2020 (%)

    Figure 13 Global Low Rolling Resistance Tire Market, by Sales Channel, 2020-2027 (USD Million)

    Figure 14 Global Low Rolling Resistance Tire Market Share (%), by Region, 2020

    Figure 15 Global Low Rolling Resistance Tire Market, by Region, 2020-2027 (USD Million)

    Figure 16 North America: Low Rolling Resistance Tire Market Share (%), 2020

    Figure 17 North America: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)

    Figure 18 Europe: Low Rolling Resistance Tire Market Share (%), 2020

    Figure 19 Europe: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)

    Figure 20 Asia-Pacific: Low Rolling Resistance Tire Market Share (%), 2020

    Figure 21 Asia-Pacific: Low Rolling Resistance Tire Market, by Country, 2020-2027 (USD Million)

    Figure 22 Rest of the World: Low Rolling Resistance Tire Market Share (%), 2020

    Figure 23 Rest of the World: Low Rolling Resistance Tire Market, by Region, 2020-2027 (USD Million)